Pi Network (PI) is under heavy pressure, down more than 9% in the last 24 hours and 29% over the past week. Its market cap has dropped to $5.5 billion, a sharp fall from its $19 billion peak at the end of February.
Technical indicators show sellers are in full control, with no strong signs of momentum returning yet. As PI tests key support levels, the coming days could be critical in determining whether it stabilizes—or continues its slide.
Pi Network DMI Shows Sellers Are In Full Control
Pi Network’s DMI chart shows that its ADX has climbed to 34.99 from 25.1 just a day ago, signaling a strong increase in trend strength. The ADX, or Average Directional Index, measures the intensity of a trend without indicating its direction.
Values above 25 suggest a strong trend is forming, and readings over 30 confirm it. With ADX now nearing 35, Pi Network is firmly in trending territory—but it’s important to identify the direction of that trend.
Currently, the -DI (Directional Indicator for bearish pressure) has risen to 31.55 from 25.31, while the +DI (bullish pressure) has dropped to 9 from 15.59. This widening gap between the two confirms that the downtrend is strengthening, as an analyst recently reviewed why PI wasn’t listed on Binance and Coinbase.
Despite the sharp rise in trend strength shown by the ADX, the declining +DI and rising -DI indicate sellers remain in full control. Unless the trend reverses soon, Pi Network could continue to face further downside pressure in the short term.
PI Lacks a Strong Momentum
Pi Network’s Chaikin Money Flow (CMF) is currently at -0.23, a notable drop from 0 just two days ago. The CMF is a volume-weighted indicator that measures buying and selling pressure over a set period, typically 20 or 21 days.
Values above 0 suggest accumulation (buying pressure), while values below 0 indicate distribution (selling pressure). The further from zero, the stronger the pressure in that direction.
With a reading of -0.23, Pi Network’s CMF is at its lowest level ever, showing heavy and persistent outflows. Notably, the indicator hasn’t turned positive since March 15—nearly 15 days ago—highlighting sustained selling activity.
This deep negative value signals a strong bearish bias, suggesting that capital is consistently leaving the market. Unless CMF begins to recover, the ongoing distribution phase could continue to weigh on Pi Network’s price.
Can Pi Network Drop Below $0.70 Soon?
Pi Network price chart shows a critical support level at $0.718, which has held the price up in recent sessions.
If this level is lost, it could trigger a sharper drop toward $0.62, marking the lowest price since February 21.
On the flip side, if Pi Network manages to reverse its trend and regain momentum, the first key resistance to watch is at $1.05. A breakout above that could open the path toward $1.23, and if bullish sentiment returns, the price could climb as high as $1.79.
That would represent a potential 54% upside from current levels, but it would require a strong shift in momentum and renewed market hype.
Wirex, a global Web3 leader and award-winning money app, has officially selected Italy as the strategic base for its cryptocurrency business in the European Economic Area (EEA). The move marks a key milestone in the company’s rapid growth journey and reinforces its long-term commitment to delivering regulated, innovative crypto services across Europe.
With over 6 million users globally and a decade of proven success, Wirex continues to lead the way in bridging the worlds of traditional finance and digital assets. Headquartered in London, Wirex holds multiple licences across the UK, EEA, Asia-Pacific, and beyond, operating as a trusted, compliant provider in some of the world’s most regulated financial markets.
Wirex’s decision to establish its European crypto operations in Italy comes as the region prepares for the implementation of the Markets in Crypto-Assets (MiCA) regulation.
The company is already registered as a Virtual Asset Service Provider (VASP) in the Italian Register held by the Organismo Agenti e Mediatori (OAM), with Registration No. PSV108. It is currently in the process of applying for a MiCA licence and aims to use its Italian base to deepen relationships with regulators, expand local partnerships, reinforce its trust with clients, and continue to offer them crypto products and services while scaling its presence across Europe.
As part of this strategic initiative, Wirex is pleased to announce the appointment of two senior executives in Italy:
Alessandro Bruno-Bossio,Regional Managing Director for Italy and Chief Customer Strategy & Retention Officer, brings extensive experience in scaling fintech and payments operations, with previous leadership roles at Paysafe, Nexi and PayRetailers.
Francesco Marotta, Non-Executive Legal Director, has over 12 years of expertise in banking and financial services law, compliance, and anti-money laundering. He will play a vital role in supporting Wirex’s regulatory and legal strategy in Italy and the wider EEA region.
“Choosing Italy as our EEA crypto hub reflects our deep commitment to Europe and our belief in its regulatory clarity and innovation potential,” said Pavel Matveev, Co-Founder of Wirex. “With strong leadership from Alessandro and Francesco, we’re well-positioned to strengthen our presence in the region and continue building one of the most trusted, compliant crypto platforms in the world.”
Wirex’s Italian office will focus on product development, customer experience, and regulatory engagement, positioning the company to thrive in a maturing and regulated European crypto market.
Alessandro Bruno-Bossio, Regional Managing Director for Italy and Chief Customer Strategy & Retention Officer at Wirex, commented: “I’m thrilled to join Wirex at such a pivotal moment in its European expansion. Italy has the potential to become a leading hub for digital assets, and Wirex is uniquely positioned to drive that transformation. In my dual role, I’m particularly focused on ensuring that customer experience remains at the heart of everything we do. The crypto space still places too much effort on the end user, and we’re determined to change that. By building a strong local presence and fostering regulatory trust, we aim to deliver not only innovative solutions but also seamless, user-first experiences that set new standards in the industry.”
With a global footprint and a reputation for innovation, Wirex has earned more than 20 industry awards, including recent recognition as a finalist at the ICA Compliance Awards Europe 2025 for excellence in regulatory compliance. The company’s growth is underpinned by a decade of operational excellence and an unwavering commitment to responsible innovation in financial services.
About Wirex
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
Solana’s price has faced significant volatility over the past week due to recent market troubles. This has led to a sharp decline in its futures market sentiment as leveraged traders appear reluctant to take bullish positions.
This lack of confidence increases the risk of a further price drop, with SOL eyeing a dip below the $130 level in the near term.
Solana Struggles as Traders Exit
SOL’s negative funding rate is an indicator of the waning bullish bias among its futures traders.
According to Coinglass data, SOL perpetual futures have maintained a negative funding rate for the past three days, indicating that short sellers are paying to hold their positions. At press time, this stands at -0.0060%.
The funding rate is a periodic fee exchanged between long and short traders in perpetual futures contracts to keep the contract price aligned with the spot market.
As with SOL, when this rate is negative, it means that short sellers (those betting on a price decline) are paying fees to long traders, indicating a bearish sentiment in the market.
Therefore, more traders are positioned for a price drop, reinforcing the downward pressure on the coin’s price.
Moreover, the lack of confidence among SOL futures traders is reflected by its plummeting open interest. At press time, this is at $3.94 billion, falling 19% since the beginning of March.
An asset’s open interest tracks the total number of active futures contracts that have not been settled.
When this falls, especially during a period of price decline, it suggests that traders are closing positions without opening new ones. This confirms the reduced conviction in a short-term SOL price recovery among its futures traders.
Solana Bulls Weaken—Can They Prevent a Drop Below $130?
At press time, SOL trades at $137.70, resting just above the support floor of $136.62. As bullish sentiment tapers, this level risks being flipped into a resistance zone.
Should this happen, SOL’s price could slip below $130 to exchange hands at $120.72.
On the other hand, if bullish momentum returns to the SOL market, this bearish projection will be invalidated. In that scenario, new demand could drive the coin’s price to $182.31.
During the 2025 edition of the Paris Blockchain Week, BeInCrypto sat down with Alexis Yellow, CEO of Yellow, a crypto project working on an entirely new paradigm based on Satoshi’s initial vision for Bitcoin.
He talks about the upcoming Yellow Tokens, a new smart contract mechanism, and making crypto projects more utility-driven.
Alexis, can you introduce yourself?
I’m Alexis, a software engineer by background. I worked at the European Space Center early in my career, but my crypto journey started quite unexpectedly.
Back in 2013, an old friend from school reached out—he was working at Goldman Sachs and told me about a project that needed help. He said, “There are 12 people in Silicon Valley printing fake money.” That project turned out to be Ripple.
Ripple ended up being our first client, and that experience really helped me grasp the potential of crypto.
Despite the skepticism surrounding the space, I saw real innovation. Ripple’s CTO was a Bitcoin Core contributor, and Vitalik Buterin was involved with the team before Ethereum.
Actually, Buterin was planning to join Ripple. He was especially excited about their consensus mechanism, which inspired me, too.
One thing that always stuck with me was Satoshi’s idea: We need systems where trust isn’t a prerequisite. That idea shaped a lot of my thinking.
Around 2018–2019, I decided to start Yellow. We later merged with a French exchange technology company called OpenWare. Combining my market experience with their tech, we launched Yellow Network.
So, it’s a trading infrastructure designed to let institutions, like Société Générale, trade directly with major players like Binance without needing to trust them.
Trading with exchanges like Binance without trusting them, do you mean trust as a counterparty?
Exactly that’s at the core of Satoshi’s vision. At Yellow, we’re working on a different model of trustlessness using state channels, which represent a new paradigm compared to traditional blockchain systems like Bitcoin or Ethereum.
In those systems, you have tens of thousands of nodes, say, around 30,000, validating each transaction. It’s a powerful model for security, each validator has a financial incentive to be honest, and there’s no way to roll back a confirmed transaction.
The same applies to staking networks. But that structure just doesn’t work for high-frequency trading. You can’t have 30,000 nodes verifying every microsecond trade. It’s simply too slow and inefficient.
For example, some networks try to solve this by reducing the number of validators to 21, but that compromises the level of trust and decentralization. Our approach is fundamentally different. The Lightning Network inspires it, but we’ve taken it in a new direction.
With the Lightning Network, you can move money instantly by opening a state channel. At Yellow Network, we use similar state channels but instead of transferring funds directly, we transfer profit and loss in real time.
For instance, if you buy a Bitcoin for $100,000 and it rises 5%, the $5,000 profit is immediately transferred to your wallet. The trade is settled instantly, peer-to-peer, with cryptographic proof.
To ensure security and fairness, we’ve built a smart contract called ClearSync. If a counterparty refuses to settle, as we saw with the HyperLiquid issue recently, ClearSync can step in and arbitrate the trade.
It verifies the claim and, if valid, ensures the rightful party receives what they’re owed. So, it’s a trustless system that still allows for the speed and flexibility traders need.
1/ $JELLYJELLY on @HyperliquidX and what happens when we rely on trust.
No, it’s peer-to-peer trading. Nothing is faster or more efficient than a direct state channel between two parties. Profit is transferred instantly. That’s the core of this new paradigm: trustless trading, where settlement happens in real time.
Let’s say we’re trading and the connection drops, no problem. If I made a profit, it’s already secured. I might not receive the asset, like Bitcoin, but my profit in dollars is locked in. There’s no need to trust the other party to settle correctly.
Is it effective profit or a claim to profit?
It’s effective profit, denominated in dollars or whatever currency is locked as collateral. Here’s how it works – two parties lock in $20,000 to trade Bitcoin. That amount represents the maximum they’re willing to risk.
If the trade results in a $5,000 profit for one side, that amount is instantly settled, even if the other party refuses to finalize the trade.
If both agree to settle, I send you $100,000, you send me one Bitcoin, and both our collaterals unlock.
Can you switch to stablecoin?
Absolutely. In fact, we’re working with stablecoin issuers to create partnerships and potential investments in Yellow.
Can you give us an idea of the size of the Yellow Group? How many people are there? How many transactions do you process ?
We haven’t officially launched. Before the war in Ukraine, we had a large team of over 100 people. Many have since relocated, mostly to Poland, but we still have staff in Ukraine. Right now, we’re about 50 people globally.
Meanwhile, you can track activity on our analytics site, BundleBear. On Polygon, we’re already the fourth most active app. On Linea, a new protocol by Consensys, we’re number one with over 229,000 users despite not being live yet.
We can see on your website that you are offering your technology so that you can list any token without going through a CEX or a DEX. Is that part of the project?
Exactly. The Yellow Wallet is like a Layer 3; it lets users interact with any chain seamlessly. It now supports cross-chain swaps, like moving tokens from Polygon to Binance Smart Chain, with zero fees. It’s designed to remove friction from cross-chain trading.
Seamless cross-chain swaps, all in your Yellow Wallet!
Swap between BNB, Base, Arbitrum, AVAX, Polygon, OP, Linea, and Scroll with ease.
No, not for the state channels themselves. We don’t monetize trades directly. The Yellow token plays a security role, a “necessary evil,” like ETH or BTC.
Your security deposit gets burned if you behave badly and refuse to settle. It ensures honesty in a peer-to-peer environment. Think of it like a miner losing their reward for trying to cheat.
How do you make money from the usage of your service?
The token economy is the foundation. Just like ETH or BTC derive value from usage and network participation, the Yellow token does too.
It’s needed to place security deposits in the network, and over time, its utility and adoption by industry players will drive its value.
If someone cheats, their token gets burned—creating deflationary pressure and reinforcing good behavior.
Is the token already traded?
Not yet, but we’re planning to launch in the next couple of months. We’ll mint 10 billion Yellow tokens; ideally, that number stays close to that.
If too many tokens get burned, it could indicate issues in the system. It’s a built-in signal to monitor the health and integrity of the network.
Are you going to start it with an airdrop or something of the sort?
No, we’re focused on utility-based distribution. Most tokens will be sold directly in the markets where they’re used. Ethereum didn’t launch with an airdrop. Neither did Bitcoin.
This is a B2B infrastructure project—just like Ethereum and Ripple. While the network is open to everyone, our core users are businesses and institutional players.
That said, the beauty of crypto is that the ecosystem is open. Anyone who believes in the project can get involved and benefit from the network effect, without needing to be a developer or an insider.
Anything important that we left out?
Yes, very few cryptocurrencies are used in the real world today. Bitcoin has proven its value as a store of wealth.
Ethereum demonstrated its utility during the ICO boom. USDT fills a vital gap in places where dollars are hard to access.
We believe Yellow can become the fourth pillar. It’s solving a real need in crypto markets: scalable, trustless, high-frequency trading. And we’re making it open source so the whole industry can benefit.
It’s obvious that Web3 applications will need infrastructure to reach the scale of platforms like Twitter or YouTube.
At Pragma today, @Yellow‘s Louis Bellet shared the secret weapon Ethereum already has to achieve this today.
I think this approach, state channels for speed and smart contracts for resolution, will redefine how trading infrastructure works. It’s ideal for gaming and other fast-paced applications where blockchains never truly fit.
Blockchain isn’t always the answer, especially if you’re using 30,000 nodes to validate a game move. That’s just not efficient.
With Yellow, the trading side is handled through cryptographic state channels not full decentralization. But if something goes wrong, we still fall back to a smart contract to arbitrate. That’s the balance we’re bringing.
Also, we’re working on a new ERC standard for this. In the next 3–4 years, I expect that 10–20% of new crypto projects will adopt this architecture.
Overall, We’re not just building a product, we’re introducing a new philosophy for how decentralized systems can operate more efficiently.
1/ $JELLYJELLY on 
